Cars24 plans to cut its cash burn in half and halt its overseas plans, having already sacked around 700 employeesfrom Tech-Economic Times https://ift.tt/tEfjvNR
Cars24 takes the slow lane; Bookmyshow backs D2C marketplace
Cars24 plans to cut its cash burn in half and halt its overseas plans, having already sacked around 700 employeesfrom Tech-Economic Times https://ift.tt/tEfjvNR
Bookmyshow backs D2C marketplace startup, to list it on platform
The startup - housed under Preebee Lifestyle Pvt Ltd — will rely on BMS’ large user base to source traffic to the marketplace, according to sources aware of the matter.from Tech-Economic Times https://ift.tt/eNhfdYy
Cars24 swerves to slow lane to ride out macro storm
The SoftBank and Alpha Wave Global–backed company is looking to reduce its burn rate by around 50% to extend its runway and readjust to a relatively slower rate of growth, starting with halting its aggressive overseas expansion plans in places like the UAE, Middle-East, Thailand, and Australia.from Tech-Economic Times https://ift.tt/zqZWI8V
India approved 80 FDI proposals involving Chinese entities: data
The government received 382 proposals from the Chinese in all for consideration since India imposed restrictions on investments from countries that share land border with it, Department for Promotion of Industry and Internal Trade (DPIIT) said in response to the RTI.from Tech-Economic Times https://ift.tt/PBaGdR1
ED notices to top crypto sites seek info under FEMA
ED has sent out notices to cryptocurrency exchanges seeking further information under the Foreign Exchange Management Act (FEMA), they added.from Tech-Economic Times https://ift.tt/75CoZOl
Edtech firm AntWalk raises $7.5 million in funding led by GSV Ventures
AntWalk will use the funds to strengthen its Learning Experience Platform (LXP) using gamification, build its content pedagogy through R&D, and expand the sales and marketing team to widen its customer basefrom Tech-Economic Times https://ift.tt/ZyWJsQq
Edtech firm AntWalk raises $7.5 million in funding led by GSV Ventures
AntWalk will use the funds to strengthen its Learning Experience Platform (LXP) using gamification, build its content pedagogy through R&D, and expand the sales and marketing team to widen its customer basefrom Tech-Economic Times https://ift.tt/80NYXnP
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